Wage outlay is worrying, top clubs told June 7, 2010 PREMIER League clubs have received a stark warning over their spending by one of the leading authorities on the game’s finances. Dan Jones of Deloitte’s Sports Business Group says the proportion of income that clubs are lavishing on wages is “worryingly high” and must be brought under control. The average wages/revenue ratio for teams in [...]
Viacom first quarter profits up April 29, 2010 Viacom’s first quarter profit topped Wall Street expectations, aided by a recovery in advertising sales and hit shows such as “Jersey Shore” on MTV. Advertising sales rose three per cent worldwide and one per cent in the United States, signaling a rebound in a market dogged by one of its worst stretches in decades. The [...]
Spice telecoms unit snapped up in £33m Gresham-backed management buyout April 26, 2010 Utility support services firm Spice will sell its telecoms business for £32.8m, it said yesterday. Private equity firm Gresham has backed a management buyout to snap up the firm’s Team Telecom Group (TTG) unit. Mike Norfield, chief executive of TTG said: “This is a very exciting time for TTG. We have invested heavily over the [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 4, 2010 FINANCIAL TIMES UK GOVERNMENT BOND MARKET STRONG, SAYS DMO The UK government bond market has been one of the best performing of the year because the country is safely outside the troubled eurozone and has its own currency, according to Robert Stheeman, chief executive of the Debt Management Office. He points out that gilts have [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 16, 2010 CHÁVEZ ATTACKS ECONOMIC CRITICS Hugo Chávez has strongly defended his economic record as president of Venezuela after a turbulent year in which the country has been rocked by recession and 30 per cent inflation. Chávez used an interview to assail his critics in the US and Europe, saying the performance of the Venezuelan economy contrasted favourably [...]
This has been a worse start than ‘86 or ’90 June 21, 2010 ENGLAND’S mutiny may have been nipped in the bud but John Terry was totally ill-advised to tell the world about any rumblings of discontent in the England squad. Those issues should be dealt with internally. By opening them up to the public Terry risked driving a bigger wedge between the players and Fabio Capello. It [...]
LIKE FATHER, LIKE SON IN THE WORLD OF SPIN June 17, 2010 TO THE Kensington home of City slicker Roland Rudd, the boss of PR firm Finsbury, last night for his annual party, one of the highlights of the summer schmoozing circuit. Grandees of the worlds of business and politics were there in their droves for the event, including WPP boss Sir Martin Sorrell; Royal Bank of [...]
New watchdog won’t scare City June 23, 2010 IT is only just over a year since Hector Sants, head of the Financial Services (FSA), told the City in no uncertain terms that he wanted business to be “very frightened” of his organisation. Central to that warning ran the theme of “credible deterrence” through increased criminal prosecution, particularly in relation to insider dealing. Despite [...]
New watchdog won’t scare City June 23, 2010 IT is only just over a year since Hector Sants, head of the Financial Services (FSA), told the City in no uncertain terms that he wanted business to be “very frightened” of his organisation. Central to that warning ran the theme of “credible deterrence” through increased criminal prosecution, particularly in relation to insider dealing. Despite [...]
APPS June 10, 2010 Q. What exactly is an iPhone application and why is it useful? A. An iPhone app is essentially a tiny website that taps into your iPhone’s capabilities such as its GPS, camera or compass. But, unlike a regular website loaded on your phone, an app is built to communicate directly with the available hardware of [...]